Venmo Launches Its First Credit Card, Offering Up To 3% Cash Back, Personalized Rewards

The Venmo Credit Card is rolling out to select customers. The Visa card offers 3% cash back on eligible purchases, personalized rewards and tools to track and manage finances. What makes the card potentially appealing to Venmo’s younger user base is how the card is directly integrated into the Venmo mobile app. Users can earn rewards from eight spending categories. Users will earn 3% back on their top spending category, 2% from the second highest category, then 1% on all others. [Tech Crunch]

How the Pandemic Is Changing Americans’ Credit Card Habits

Over half of those surveyed in September said that they’ve put money towards a debt as a direct result of the pandemic, or plan to in the future. 29% of credit card users said they’re using their credit cards more than they were pre-pandemic, particularly when it comes to food and self-care items. Even as Americans decrease their balances, however, there’s anxiety around it: 25% of Americans say credit card debt is a source of daily stress right now. [Money]

Travel May Not Be Back to Normal, but Credit Card Companies are Starting to Offer New Flight, Hotel, and Points Perks

Credit card companies shifted away from travel benefits at the onset of the coronavirus pandemic, but these perks are starting to creep back. American Express recently unveiled a suite of travel features for its cardholders, including discounts on eligible hotel stays and airfare. Chase and Capital One also launched record-high welcome bonuses on the Chase Sapphire Preferred Card and the Capital One Venture Rewards Credit Card. [Business Insider]

Mastercard Consumers Can Receive 2 Free Months